The intersection of a firm\'s marginal-revenue andmarginal-cost curves determine

Question

The intersection of a firm's marginal-revenue andmarginal-cost curves determines the level of output at which a.total revenue is equal to variable cost. b. total revenue is equal to fixed cost. c. total revenue is equal to total cost. d. profit is maximized. The intersection of a firm's marginal-revenue andmarginal-cost curves determines the level of output at which a.total revenue is equal to variable cost. b. total revenue is equal to fixed cost. c. total revenue is equal to total cost. d. profit is maximized.

Explanation / Answer

D. Profit is maximized at the intersection of MR and MC cost curve.

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